K N Radhakrishnan
TVS Motor Company has made a strong start to the financial year 2025-26, reporting its best-ever performance in the first quarter. The company’s revenue grew by 20% to INR 10,081 crore, up from INR 8,376 crore in the same period last year. It also achieved its highest-ever operating EBITDA at INR 1,263 crore, marking a 32% jump from INR 960 crore a year ago. The EBITDA margin improved to 12.5%, up from 11.5% last year.
Profit Before Tax (PBT) rose by 35% to INR 1,053 crore, and Profit After Tax (PAT) also saw a 35% increase, reaching INR 779 crore compared to INR 577 crore in the first quarter of the previous year.
This significant performance is making the company ride on a wave of optimism this year. TVS Motor is upbeat about the year ahead, backed by strong first-quarter results. With interest rates coming down, getting loans has become easier, which should help more people buy two-wheelers. A better-than-usual monsoon is also expected to improve rural demand. The company believes these factors will create a positive mood in the market, especially during the festive season, K N Radhakrishnan, Director and CEO, TVS Motor Company has said.
Announcing the quarterly results, he highlighted two big trends — more people are choosing scooters, and there’s growing demand for premium bikes. TVS, he said, is well-placed to benefit from both, thanks to its strong range of products.
On the electric vehicle side, the company is seeing steady growth. In the first quarter, its EV sales rose by 34%, with electric two-wheelers now making up 6.3% of the segment. The TVS iQube has crossed 6 lakh units in sales and now comes in six variants, including a version with a 3.1 kWh battery, stylish dual-tone design, and hill-hold feature. TVS said the iQube is now one of the most attractive EVs on the road.
TVS Motor Company is dealing with a few short-term issues in sourcing important parts like magnets for its EVs, but it’s already working on fixes — both for now and the future. Its newly launched electric three-wheeler, the King EV Max, is getting a good response from customers, and the company plans to scale it up. More electric two- and three-wheelers are also planned for launch in the near future, he indicated.
On the global front, TVS has achieved its highest-ever quarterly exports at 3.52 lakh units, led by strong demand in Africa. The launch of the TVS HLX 155G, with its reliable 150cc engine and oil cooling tech, has been a big hit. The company is focused on offering strong, affordable vehicles that work well even in tough conditions.
The vehicle maker is also growing its presence in Latin America, where it sees a lot of potential. In Asia, markets like Sri Lanka and Nepal are showing good growth, and while there are some challenges in Bangladesh, a gradual recovery is expected.
With the festive season coming up, TVS expects demand to rise in both domestic and international markets. Even with some hurdles in EV supply, the company believes its wide range of products and focus on quality, technology, and customer needs will help it stay ahead. Financially, the company continues to grow steadily, with better cost control, smart product choices, and a strong push for efficiency helping it stay on a strong path.
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